On January 21, 2025, significant inflows were recorded in Bitcoin and Ethereum Exchange Traded Funds (ETFs). According to data from Lookonchain, a total of 10 Bitcoin ETFs experienced a net inflow of 4,023 BTC, which translates to a monetary value of $422.23 million. Notably, Fidelity's Bitcoin ETF alone accounted for an inflow of 3,101 BTC, valued at $325.45 million, and currently holds a total of 212,214 BTC, with a value of $22.27 billion (Lookonchain, Jan 21, 2025). Concurrently, 9 Ethereum ETFs saw a net inflow of 4,000 ETH, amounting to $13.31 million, with Fidelity's Ethereum ETF contributing the entire inflow and holding a total of 429,001 ETH, valued at $1.43 billion (Lookonchain, Jan 21, 2025). These substantial inflows indicate a strong institutional interest in both Bitcoin and Ethereum, potentially signaling a bullish trend in the cryptocurrency markets.

The trading implications of these ETF inflows are significant. The influx of 4,023 BTC into Bitcoin ETFs on January 21, 2025, represents a substantial demand increase, which could lead to upward pressure on Bitcoin's price. Data from CoinMarketCap indicates that Bitcoin's price rose from $105,000 to $107,500 during the trading session on January 21, 2025, a 2.38% increase (CoinMarketCap, Jan 21, 2025). Similarly, the 4,000 ETH inflow into Ethereum ETFs may contribute to a bullish trend for Ethereum, with its price increasing from $3,320 to $3,380 on the same day, a 1.81% rise (CoinMarketCap, Jan 21, 2025). The trading volumes for Bitcoin and Ethereum also surged, with Bitcoin's 24-hour trading volume reaching $50 billion and Ethereum's at $15 billion, reflecting heightened market activity and liquidity (CoinMarketCap, Jan 21, 2025). These movements suggest that traders should consider long positions in both cryptocurrencies, potentially benefiting from the continued institutional interest.

Technical indicators and volume data further support the bullish outlook for Bitcoin and Ethereum following the ETF inflows on January 21, 2025. Bitcoin's Relative Strength Index (RSI) climbed from 65 to 72 during the trading session, indicating a strengthening bullish momentum (TradingView, Jan 21, 2025). Additionally, Bitcoin's moving average convergence divergence (MACD) showed a bullish crossover, with the MACD line moving above the signal line, suggesting potential for further price increases (TradingView, Jan 21, 2025). For Ethereum, the RSI rose from 60 to 68, reflecting increased buying pressure (TradingView, Jan 21, 2025). Ethereum's MACD also displayed a bullish signal, with the MACD line crossing above the signal line (TradingView, Jan 21, 2025). On-chain metrics, such as the increase in active addresses for both Bitcoin and Ethereum, further corroborate the bullish sentiment, with Bitcoin's active addresses growing from 800,000 to 850,000 and Ethereum's from 500,000 to 530,000 on January 21, 2025 (Glassnode, Jan 21, 2025). These technical indicators and on-chain metrics provide traders with a solid foundation for making informed trading decisions in the context of the recent ETF inflows.